AUD/USD Eyes 0.6945 on Strong Australia Retail Sales Data| FXMAG.COM

AUD/USD rebounds from a low of 0.6896 following Australia Retail Sales' upbeat data on early Wednesday in Asia. Australia Retail Sales reprints 0.9% MoM growth compared to the forecasted 0.4%, for May. However, fears of global recession and inflation still weigh on the currency pair, limiting the bull's momentum.

Looking ahead, the key events to pay attention to this week are the US Core Personal Consumption Expenditure (PCE) for Q1 2022, the final readings of the US Q1 GDP and the central bankers' discussions at the ECB Forum.

ICM.COM Market Updates

ICM.com is a UK-based, global, multi-regulated broker, and financial services provider, providing online foreign exchange (FOREX) and Contract for Difference (CFDs) trading solutions as well providing access to most of the world’s stock exchanges via its ICM Securities platform.

ICM’s aim is to provide a safe online trading environment and comprehensive support to all its customers with no compromise on speed, performance, variety of instruments, or price.

The company provides one of the highest levels of insurance in the industry. Client funds are secured in segregated accounts with tier 1 banks and they offer a variety of ways to ensure your funds are always easily accessible. They also have a Civil Liability Insurance Programme that covers up to £5 million.

ICM.com have over 5,000+ products available including currencies (FOREX), Indices, Commodities, precious metals, futures, and cryptocurrencies making them a one-stop-shop for all your trading needs. Its products can be traded via the MetaTrader 4, MetaTrader 5, or cTrader platforms. The company also provides access to all the major stock exchanges globally via its ICM Securities platform.

ICM.COM Market Updates

Topics